BNY Mellon Ultra Short Income ETF $BKUI Shares Sold by Avestar Capital LLC

Avestar Capital LLC cut its position in shares of BNY Mellon Ultra Short Income ETF (NYSEARCA:BKUI) by 21.5% during the 3rd quarter, Holdings Channel reports. The firm owned 47,772 shares of the company’s stock after selling 13,111 shares during the period. Avestar Capital LLC’s holdings in BNY Mellon Ultra Short Income ETF were worth $2,370,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. RPOA Advisors Inc. boosted its stake in BNY Mellon Ultra Short Income ETF by 64.6% in the 3rd quarter. RPOA Advisors Inc. now owns 10,418,139 shares of the company’s stock worth $516,896,000 after purchasing an additional 4,090,678 shares during the period. Venture Visionary Partners LLC boosted its holdings in shares of BNY Mellon Ultra Short Income ETF by 7.7% during the third quarter. Venture Visionary Partners LLC now owns 76,885 shares of the company’s stock worth $3,815,000 after purchasing an additional 5,524 shares during the period. Flagship Harbor Advisors LLC grew its position in BNY Mellon Ultra Short Income ETF by 221.5% during the third quarter. Flagship Harbor Advisors LLC now owns 32,147 shares of the company’s stock valued at $1,595,000 after purchasing an additional 22,147 shares in the last quarter. Citadel Advisors LLC grew its position in BNY Mellon Ultra Short Income ETF by 167.8% during the second quarter. Citadel Advisors LLC now owns 28,274 shares of the company’s stock valued at $1,407,000 after purchasing an additional 17,717 shares in the last quarter. Finally, Western Wealth Management LLC grew its position in BNY Mellon Ultra Short Income ETF by 17.6% during the first quarter. Western Wealth Management LLC now owns 23,000 shares of the company’s stock valued at $1,145,000 after purchasing an additional 3,436 shares in the last quarter.

BNY Mellon Ultra Short Income ETF Price Performance

BKUI opened at $49.67 on Friday. The stock has a fifty day moving average price of $49.59 and a 200 day moving average price of $49.70. BNY Mellon Ultra Short Income ETF has a 1 year low of $48.50 and a 1 year high of $49.94.

BNY Mellon Ultra Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.1359 dividend. The ex-dividend date was Thursday, October 1st. This is a drop from BNY Mellon Ultra Short Income ETF’s previous monthly dividend of $0.1588. This represents a $1.63 annualized dividend and a dividend yield of 3.3%.

BNY Mellon Ultra Short Income ETF Profile

The BNY Mellon Ultra Short Income ETF (BKUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed portfolio of investment-grade, USD-denominated fixed income securities with an ultra-short effective duration. The fund aims for high income and low volatility. BKUI was launched on Aug 9, 2021 and is managed by BNY Mellon.